BlackRock Amends Brown & Brown Stake (SC 13G/A)
Ticker: BRO · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 79282
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-update
TL;DR
**BlackRock just updated its Brown & Brown stake, watch for potential market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating a change in its beneficial ownership of Brown & Brown Inc. common stock as of December 31, 2023. This filing, Amendment No. 12, updates their previous disclosures, signaling a potential adjustment in their investment strategy or portfolio allocation for the insurance broker. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can sometimes signal their outlook on a company's future prospects, potentially influencing other investors' decisions.
Why It Matters
This filing shows BlackRock, a major institutional investor, has updated its stake in Brown & Brown, which could reflect a shift in their confidence or strategy regarding the company.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not inherently signal significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's updated position in Brown & Brown, but without specific share count changes, it's primarily an informational update rather than a direct buy/sell signal. Further investigation into BlackRock's specific holdings (which are not detailed in this excerpt) would be needed for deeper insight.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Brown & Brown Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 12 (number) — the specific amendment number of this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 12)'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under the 'FILED BY' section with 'COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's stock is the subject of this filing?
The subject company whose stock is being reported is BROWN & BROWN, INC., as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BROWN & BROWN, INC.' and 'Name of Issuer) Common Stock'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP Number for the securities mentioned in this filing?
The CUSIP Number for the Common Stock of Brown and Brown Inc. is 115236101, as listed under '(CUSIP Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding BROWN & BROWN, INC. (BRO).